The Liverpool FC transfer mill is well and truly up-and-running, building up the hopes of supporters across the country, before dashing them when a 14-year-old who will never see first-team football signs on the dotted line.

But all is not lost for Liverpool fans, with Red Star Belgrade midfielder Marko Grujic set to become the club's first acquisition of the window today.

Here is today's round up of transfer highlights from around the web.

First of all, you can't get through a transfer rumour mill without the mention of a Dortmund player, and Ilkay Gundogan is once again finding himself linked with a move to Anfield.

The Germany international, who Jurgen Klopp knows well from his time at Dortmund, has been linked with a move to Juventus - but the newspapers in Turin believe Klopp's interest could scupper the deal.

The catch? Well, he'd cost at least £22m if Liverpool should indeed what to sign him.

The Express reports that Liverpool are in a shoot-out with Arsenal to land the services of Lille winger Sofiane Boufal, who has been dubbed the 'next Eden Hazard' in France.

I imagine this refers to the Eden Hazard of last season as the 22-year-old has bagged one goal and five assists this season, whereas the Chelsea man has a meagre two assists and is yet to find the net.

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Finally, one player Liverpool may not be signing this January is long-term target Ezeguiel Lavezzi.

Although the Argentine is out of a contract this summer, talkSport reported that the PSG winger has rejected moves to Juventus and Inter Milan as they will not meet his wage demands.

The 30-year-old will attract a lot of interest in the summer, so it would make sense for the Reds to make their move sooner rather than later if they are to lure the speedster to Merseyside.